Tunisian Start-Up Signs Five Billion Dollar Contract in Madagascar

Mergers, Acquisitions and Financial Results

According to the daily Le Quotidien, BFI, a Tunisian start- up, specialized in computer solutions for the banking sector, has recently signed a 5 billion dollar contract with the Madagascan government.

The contract which involves the setting up of software applications for Madagascan banks, will allow the Tunisian start-up to consolidate its position on the African market, as well as reinforcing its competitiveness in terms of banking and financial solutions.

The project will enable Madagascan banks to exchange compensation values electronically and securely, thus gaining significant time insofar as the exchange of inter bank data is concerned.

Created in 1994, BFI is a leader in Tunisia in terms of exporting services to Europe and Africa. This success, writes Le Quotidien, has enabled the company to receive several international distinctions, including the latest, by the Geneva International Institute of Promotion and Prestige.

Some 72 banks throughout the world are currently using BFI's software applications. The company also has offices in Paris, Algiers, Madrid and Casablanca.

Tunisia Online